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Bahamas participates in RIMS conference
A Bahamas team comprised of representatives from the Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) has returned from Los Angeles, California after having participated in the four-day RIMS 2013 Annual Conference and Exhibition.
With the theme "Give Yourself an Edge", this year's annual conference and exhibition of the Risk & Insurance Management Society Inc. offered a variety of new additions and twists on previous conference offerings, as RIMS looked to help its members become better risk managers. The event has become renowned, too, for the widespread insurance domicile presence, complete with exhibits and special events.
BFSB and the ICB once again manned a Bahamas booth in the exhibit hall of RIMS, which provided an ideal mechanism to meet one-on-one with RIMS visitors wanting to learn more about "The Bahamas Advantage", the theme prevalent in booth design and materials. BFSB CEO Aliya Allen noted that well over 200 persons took advantage of this opportunity. "There was specific interest in The Bahamas' risk-based regulatory approach, with booth visitors also seeking general information on corporate and other services offered in our jurisdiction."
This year's conference, from April 21 to 24 at the Los Angeles Convention Center, included more than 100 educational sessions spanning 11 categories and offered a variety of networking opportunities, including the hundreds of providers of risk management products and services in the conference's exhibit hall. Session categories included claims management, employment risks, enterprise risk management, finance, industry, insurance, international, legal legislation, loss control, risk management and strategic risk management.
In opening the conference and exhibition, the RIMS leaders said risk management continues to evolve as a discipline, bringing added value to organizations and new opportunities to its practitioners. Mary Roth, RIMS executive director, said "As membership continues to grow globally, we are better positioned to address risks that transcend national boundaries." More than 10,000 delegates participated in RIMS 2013.
The Bahamas delegation consisted of Aliya Allen and Janelle Sands from BFSB and Superintendent Michele Fields of the ICB, accompanied by Patrice McDonald and Kimberly Kemp-Rolle, also of the ICB.
Bahamasair has improved its on-time performance and maintained its dispatch reliability and safety records, Managing Director Henry Woods confirmed
“We have progressed from an airline that used to operate in the 50 percent on time performance to now in the 70s which is in line with industry averages,” said Mr Woods.
Bahamian Architect Fred Perpall named CEO of The Beck Group
Century-old provider of commercial real estate services will transition CEO role in anticipation of next phase of company’s growth. The Beck Group announced that CEO Peter Beck assumed the position of executive chairman focusing on marketing, strategy and international operations as of January 1, 2013. Fred Perpall, who most recently served as The Beck Group’s Managing Principal and Director of Design of the Eastern Division, has been named the new CEO.
Bahamian Leading Ladies Rip the Runway in Red Gowns
Bahamian Leading Ladies Rip the Runway in Red Gowns
The Inaugural Red Dress Soiree Wows Hundreds, Raises Thousands for
Bahamas AIDS Foundation
Hundreds filed into the Sheraton Nassau Beach Resort Ballroom for the Inaugural Red Dress Soiree held on March 3, 2012, which raised thousands for the Bahamas AIDS Foundation and their work with adolescents affected by and infected with HIV AIDS.
Bahamian agriculture: innovation, adaptation and growth
There has been a long running debate on the role of agricultural production in the development of The Bahamas.
The debate has always had political overtones and a healthy dose of nationalistic protectionism. Self Sufficiency! Food Security!
Self sufficiency, in dollar terms, or if Bahamians eat what can be grown in our climate, is a relatively easily achievable
goal.
Food Security, which should be based on the capacity to grow what can be grown, is very feasible for The Bahamas; but must
be fueled by the adaption of the most sustainable innovations and practices.
The best solution for Bahamian agriculture is to accept the diversity of climate, soils, and growing conditions and our unique
geography and place before thousands of small farmers, improved genetics and superior technology to increase yield per unit.
In his contribution during the (2011/2012) budget debate, the Minister of Agriculture and Marine Resources, The Hon. Lawrence
Cartwright, gave a comprehensive overview of Bahamian agriculture today.
I will use two illustrations from his contribution to underscore my principal point, that Bahamian farmers must adopt and
innovate with the best available technology.
The first is Embryo Transfer from livestock which allows small farmers to have access to the best breeding stock in the world
at affordable prices for improved breeding stock.
The second is the early harvest of onions in Andros. Bahamian farmers who can harvest and market onions in February, have
access to a market dominated by Vidalia (Georgia, USA) and Walla Walla (Washington ,USA) onions.
The early market window gives them access to the U.S. and other markets, specifically, specialty markets which demand premium
prices for this otherwise common commodity.
In both examples, the Bahamian farmer benefits from mild winter, the application of superior technology and is able to dramatically
increase unit yield and get better prices from the crops and livestock they produce.
I read with interest the letter written and published by Dr. Campbell in The Nassau Guardian of 6th June, 2011. His basic premise appears to be that a reduction in the rate of duty is the end of the line for Bahamian
farmers, especially small farmers.
I disagree.
The letter virtually chronicles the long-standing conflicts in The Bahamas about the place of agriculture in our national
development. Should The Bahamas have a protective tariff regime? Should the Government subsidize production? Should foreign
farmers be allowed land in The Bahamas? Should they sell what they grow here? Should migrant labor be allowed?...and so on.
Focusing on these questions has caused The Bahamas to lag in the process of technological advancement. As a result, the most
vulnerable of farmers have suffered needlessly.
A dramatic policy shift to promote innovation and release creativity is being pursued.
The practice of high duty rates has a poor record of stimulating increased production or spurring investment in more efficient
production systems. Pineapples, okra, tomatoes, pigeon peas and bananas are examples of some crops grown in The Bahamas, where
for years a variable rate of duty as high as 277 percent of the CIF value existed.
The Bahamas never achieved self-sufficiency in any of the above crops. Yet today, in the case of each crop, through the adoption
and application of improved technology, small farmers can achieve world-class yields.
Consider the benefits of tissue culture, micro budding, drip irrigation, hybrid seeds and improved varietal selection to extend
production and increase yields.
The Bahamas has a remarkable history of agricultural successes and failures. There are lessons in each; the failure of sisal
production in Andros (Chamberlain), the success of hybrid cattle production in Eleuthera; citrus, cucumber, tomatoes and sweet
pepper in Abaco and Andros; limes and avocadoes in Grand Bahama.
The successes were achieved through vision, boldness and the confluence of opportunity, geography, and climate. Agricultural
production in The Bahamas is forever tied to our geographical proximity to the U.S. mainland, and being a chain of islands
with a subtropical climate.
The Bahamas has the unique advantage in the Caribbean of being close to the U.S.A., Canada and Mexico.The Bahamas has access
to technology, communications and markets. Other countries envy these assets.
The Bahamas has an additional advantage, rarely exploited -- the awesome purchasing power of our citizens! These advantages
are key ingredients to exploit our very enviable availability of land to exploit national demand and regional opportunities.
It can only be achieved through the adoption and application of best-in-class farming practices.
The secret to unleashing the remarkable agricultural potential of The Bahamas lies not in the Government to levy high tariffs,
but in our capacity to shape and bend the technology of the world to produce food, fiber and fuel to create the extended
value in our economy which appears to elude many of our farmers.
This is the policy underpinning our actions and is the strategy which should inform the actions and decisions of farmers.
o Earl Deveaux, the current Minister of Environment, is a former Minister of Agriculture and Fisheries. He also has a MA in
agricultural economics from Penn State University.
Bahamian jailed in Florida for role in seafood smuggling
A Bahamian man will have to spend at least one year in a Florida prison for his
Baltimore Raven Beat San Francisco 49ers 34-31
Baltimore Raven Beat San Francisco 49ers 34-31 in a superb Super Bowl game. The Super Bowl XLVII was held in New Orleans February 3rd 2013.
This is the Ravens' second Super Bowl appearance and their first since the 2000 season. The Ravens are currently owned by Steve Bisciotti and valued at $1.09 billion, making the team the 18th-most valuable sports franchise in the world.
Bananas: The Super Fruit that is an Absolute Must for Your Garden
The banana is one of
many favorite plants which I have in my backyard, and believe me when I
tell you that I have spent quite a few dollars acquiring those banana
herbs.
Aside from being a favorite in food stores, bananas have
quite a few medicinal values as well. Bahamian folk have used banana
leaves mixed with other ingredients to treat blisters, diarrhea and
fever. Bananas are also great as organic matter for the garden.
Bananas
grow year round in The Bahamas, and you really can't go wrong with
bananas. Regardless of where you are located in the world, you can find...
Being Bahamian Still not Good Enough
Dear Editor,
Why is our government planning our 40th independence celebrations making the highlight of the main events foreign musical artists?
Billionare keeps 'pact with God' with huge donation
The billionaire founder of a British supermarket chain is donating most of his fortune to charity to fulfill a "pact with God."
Albert Gubay, a penniless candy seller in Wales after World War II, says he made a vow with God at the time to hand over half his fortune to the Catholic Church if he ever became rich.
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